The Adani Saga: Wilful Blindness

This week, Debashis Basu continues to talk about the Adani saga and the wilful blindness by regulatory bodies to recognise a clear case of price rigging.

#adani #debashisbasu #moneylife

[ramyasri]

Well said sir.. SEBI has turned a blind eye... As usual our govt. Does nothing

[santanodcosta]

Like all central Agencies, SEBI has also become a "caged parrot" of the current dispensation.

[LNJP]

Immense respect for your work Debashish sir, BUT, you have also advised Adani Enterprises at 3700-3800 to your Stockletter subscribers. You are also liable to answer these questions. Awaiting response :) !

[rajuiyer]

Nobody investigated when Ruchi Soya share was rigged from Rs3 to rs 1000 by patanjali a favorite of the govt.
How did ramdev become so rich.

[parixitbhinde]

Various Adani group shares have been included in the different NSE indices. All index funds will now have to buy Adani shares even if they decided to stay away so far!

[mg.f.]

In an Indian movie a hero can jump from a mountain and be ok and the movie can be a HIT.
Hence Hindenburg is been criticised for being a spoiler of the GREAT ADANI MOVIE.

[agytjax]

@2:50 - If Mukesh Ambani would be watching, he would be wondering with jealousy as to how he missed being a trillionaire 🤣🤣

[Madhu]

This episode is really an eye opener, Sir🙏. As the adage goes "You will find many people who can provide answers, it's those who ask the right questions are difficult to find."

[hemvarsha]

Why no analyst spoke about such High PE of 400 + ?? in fact some gave higher target of 5000

[sidds]

Beautifully explained.
These questions should be analysed by the appointed committee

[rajdevarapalli]

Even more interesting is that the share price is going up for the last two days.

[vijaykumarsingh]

Fully agree to your observation and worry of Sucheta Dalal which is highlighted time and again.

[youtp]

Agree that the question you ask is the right one in relation to the stock downfall. That said, who in the "world's largest democracy" will risk harassment from you know who all, confiscation of land, or being called anti nationalist and being pilloried for that ?
The bigger question to my mind is if there's light at the tunnel in terms of this conspiracy of silence that defines the current state of affairs, and if not then what can be done to fix that.

[mukutul]

Adani should be valued between 6-8 $ billion that means they should correct further 1/3rd.

[shankervarandani]

Very well covered, huge respect for you, sir!

[MrSpiritsurf]

Sad that India is looking like a banana republic.

[sauravbhattacharyya]

Excellent analyses ! Many thanks for the news report, keep going this way !

[sau]

Very informative.
I would like to know how did ADANI achieve such high P/E ratios (>400)?. APPLE has a P/E of less than 30 and TESLA < 60 .
We should go after the real culprits. Hindenburg and Soros are not the ones to be blamed.

[vikeng]

Regulator is quite, Government is quiet, Market veterans telling retailers to be quite, Not sure SC appointed committee will be forced to be quite. Everyone wants to slip under carpet quietly. This quiet mentality got our country plundered by everyone throughout history. How much more a common man of this country has to suffer is worlds largest democracy looks like there is no end.

[vijayakumarvk]

Good analysis. A simple question. Why did you wait for so long for this analysis? Could have been done before Hindenburg expose.